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AB InBev Labatt unit to buy Mike`s Hard Lemonade
The Canadian brewer said late Tuesday it has struck a $350-million (U.S.) deal
A growing taste for sweeter drinks has pushed Labatt Breweries into its latest acquisition for the Canadian rights to Mike’s Hard Lemonade, Okanagan Cider and a couple of other alcoholic beverages. The Canadian brewer, which is owned by Belgian company Anheuser-Busch InBev, said late Tuesday it has struck a $350-million (U.S.) deal with the Mark Anthony Group of Companies that will also give it ownership of Palm Bay pre-mixed drinks and the Turning Point Brewery in British Columbia, which brews Stanley Park beers.
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